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Access Bank Speaks On ₦500 Million Missing Fund Allegations

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Access Bank Speaks On ₦500 Million Missing Fund Allegations

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Access Bank PLC has formally addressed allegations circulating on social media concerning a purported ₦500 million missing fund.

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The Bank responded to allegations by Nigerian social media activist VeryDarkMan regarding an inheritance dispute involving an alleged ₦500 million fund belonging to a late customer.

The bank firmly denied the accusations, calling them “untrue and baseless.

 

The controversy, which has sparked widespread public attention, centers on claims that Access Bank failed to release over 500 million Naira belonging to the late Mr. Edongesi Edith Hour, who passed away in 2019 without a will.

Recall that in a viral video shared on his Instagram page on Friday, VeryDarkMan claimed the family of the late Mr. Edongesi Edit Hour had been allegedly denied rightful access to the deceased’s funds in the Bank.

In a statement, the bank noted that the video circulating on social media contained allegations of missing funds and unethical behaviour involving the bank.

The bank categorically refutes these claims and wishes to assure the public of our unwavering commitment to the safety and security of our customers’ fund

Read the statement below;

At Access Bank PLC, we prioritize transparency, accountability, and ethical conduct in all our operations. The allegations of missing funds—purportedly involving N500 million or any other amount—are unfounded.

”Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.

First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities that we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.

In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.

There is no N500 million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.

We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.

Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.

Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.

We remain committed to serving our customers.

Thank you.

Management

 

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